Amcor (NYSE:AMCR - Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.980-4.030 for the period, compared to the consensus earnings per share estimate of 3.930. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on AMCR. Morgan Stanley lowered Amcor from an "overweight" rating to an "equal weight" rating and set a $46.00 target price for the company. in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Amcor in a research report on Wednesday, April 1st. They set a "buy" rating and a $50.00 price target on the stock. Citigroup restated a "buy" rating on shares of Amcor in a research report on Thursday, February 12th. Weiss Ratings downgraded shares of Amcor from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, April 27th. Finally, Truist Financial reduced their target price on shares of Amcor from $60.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Amcor presently has an average rating of "Moderate Buy" and a consensus price target of $50.89.
Read Our Latest Report on Amcor
Amcor Stock Performance
Shares of NYSE:AMCR opened at $37.67 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26. Amcor has a 1-year low of $36.67 and a 1-year high of $50.94. The stock has a market capitalization of $17.41 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.03 and a beta of 0.63. The business has a 50-day moving average price of $41.55 and a two-hundred day moving average price of $42.51.
Amcor (NYSE:AMCR - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.71 billion. Amcor has set its FY 2026 guidance at 3.980-4.030 EPS. Equities analysts predict that Amcor will post 3.94 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in AMCR. DV Equities LLC bought a new stake in Amcor in the fourth quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new position in Amcor in the second quarter valued at about $36,000. Geneos Wealth Management Inc. boosted its holdings in Amcor by 1,915.0% during the second quarter. Geneos Wealth Management Inc. now owns 4,554 shares of the company's stock worth $42,000 after buying an additional 4,328 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Amcor during the second quarter worth about $62,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Amcor by 61.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 9,644 shares of the company's stock worth $81,000 after buying an additional 3,687 shares during the period. 45.14% of the stock is currently owned by institutional investors.
About Amcor
(
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Amcor NYSE: AMCR is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company's product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor's packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.
Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.
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